Allegro MicroSystems Shares Climb on Reported Takeover Interest
Shares of Allegro MicroSystems jumped after Bloomberg reported that the company is being pursued for a takeover by On Semiconductor. The stock was up 13% at $25.22 in premarket trading on Monday.
ABB to Invest $120 M to Expand U.S. Manufacturing
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Boston Scientific to Buy Rest of SoniVie for Initial $360 Million
Boston Scientific has agreed to buy the rest of privately held medical-device company SoniVie for an initial $360 million in a deal that expands its portfolio of interventional cardiology therapies.
SolarEdge Technologies Appoints Asaf Alperovitz to CFO Role
SolarEdge Technologies has appointed Asaf Alperovitz to the role of chief financial officer after current CFO Ariel Porat stepped down for personal reasons. Alperovitz brings with him over three ...
Fortrea Expects Revenue Decline in 2025
The contract-research organization expects $2.45 billion to $2.55 billion in revenue for 2025, down from $2.7 billion last year. Analysts polled by FactSet had been forecasting a small gain to $2.73 ...
This is why Trump’s Canada-Mexico tariffs threaten a spike in gasoline prices
The U.S. is the world’s largest oil producer, but it still needs to import more crude oil than it makes. The majority of ...
Kroger’s stock slumps after CEO Rodney McMullen ousted following probe of personal conduct
The Kroger Co.’s stock slid 1% early Monday, after the company announced the departure of Chief Executive Rodney McMullen after a board investigation of his personal conduct.
The economy’s at risk of plunging into an air pocket, says JPMorgan. What that would mean for stocks now and in the future.
Investors are brushing aside the possibilities of more turbulence to come for the U.S. economy and potential fallout for ...
Hut 8 4Q Profit Surges as Gains from Digital Assets Take Off
Hut 8 said its bottom-line increase included a gain on digital assets of $308.2 million. Bitcoin, the most widely accepted cryptocurrency, has seen a run up in its valuation in recent months but ...
AbbVie, Gubra in Obesity-Drug License Pact Potentially Worth More Than $2 Billion
AbbVie is jumping into the burgeoning obesity field, striking a license agreement with Gubra that is potentially worth more than $2 billion to the Danish drug-discovery and contract-research-services ...
European bond yields surge on expectations of more defense spending by governments
European government bond yields jumped on Monday as the prospect of more defense spending raised fears of stretched budgets and more debt issuance. The 10-year German bund yield, the continent's ...
Strategy shares track bitcoin leap, and other movers
Shares of bitcoin holder Strategy (formerly MicroStrategy) are jumping more than 12% after the crypto currency surged over the weekend is response to President Trump's pledge to launch a crypto ...